Common use of Increase in Limits Clause in Contracts

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.

Appears in 40 contracts

Samples: Hotel Lease Agreement (Moody National REIT II, Inc.), Hotel Lease Agreement, Hotel Lease Agreement (Moody National REIT II, Inc.)

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Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section. If the parties fail to agree on such limits, the matter shall be referred to arbitration as provided for in Section 40.2.

Appears in 10 contracts

Samples: Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.

Appears in 8 contracts

Samples: Lease Agreement (Summit Hotel OP, LP), Lease Agreement (Felcor Suite Hotels Inc), Lease Agreement (Crescent Real Estate Equities Inc)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.

Appears in 8 contracts

Samples: Lease Agreement (Equity Inns Inc), Consolidated Lease Agreement (Equity Inns Inc), Lease Agreement (Equity Inns Inc)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public commercial general liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.

Appears in 5 contracts

Samples: Lease Agreement (Gadsden Growth Properties, Inc.), Lease Agreement (MHI Hospitality CORP), Lease Agreement (Capital Lodging)

Increase in Limits. If either Lessor or Lessee at any time deems the ------------------- limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.

Appears in 2 contracts

Samples: Master Hotel Lease Agreement (Apple Hospitality Two Inc), Hotel Lease Agreement (Apple Suites Inc)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13XIII.

Appears in 2 contracts

Samples: Lease Agreement (Felcor Suite Hotels Inc), Lease Agreement (Itt Corp /Nv/)

Increase in Limits. If either Lessor Lessee or Lessee Manager at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor Lessee and Lessee Manager shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.

Appears in 1 contract

Samples: Management Agreement (Equity Inns Inc)

Increase in Limits. If either Lessor Lessee or Lessee Manager at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor Lessee and Lessee Manager shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article Section 13.

Appears in 1 contract

Samples: Hotel Management Agreement (Innkeepers Usa Trust/Fl)

Increase in Limits. If either Lessor Lessee or Lessee Manager at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor Lessee and Lessee Manager shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change changed pursuant to the provisions of this Article 13Section.

Appears in 1 contract

Samples: Management Agreement (Equity Inns Inc)

Increase in Limits. If either Lessor or Lessee at any time deems ------------------ the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.

Appears in 1 contract

Samples: Master Lease Agreement (Jameson Inns Inc)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.the

Appears in 1 contract

Samples: Master Lease Agreement (Jameson Inns Inc)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Article.

Appears in 1 contract

Samples: Lease Agreement (Crescent Operating Inc)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter thereunder be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.

Appears in 1 contract

Samples: Lease Agreement (Glenborough Realty Trust Inc)

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Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal bodily injury or property damage liability under the comprehensive public commercial general liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and carried; provided, however, that such limits shall not be reduced below a minimum limit of $10,000,000 per occurrence. Thereafter, such insurance shall thereafter be carried with the limits thus agreed on until further ftirther change pursuant to the provisions of this Article 13Section 13.2.

Appears in 1 contract

Samples: Percentage Lease Agreement (South Seas Properties Co LTD Partnership)

Increase in Limits. If either Lessor or Lessee at any time deems the ------------------ limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.

Appears in 1 contract

Samples: Master Hotel Lease Agreement (Apple Hospitality Two Inc)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal bodily injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and carried; provided, however, that such limits shall not be reduced below a minimum limit of $10,000,000. Thereafter, such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.

Appears in 1 contract

Samples: Percentage Lease Agreement (Boykin Lodging Trust Inc)

Increase in Limits. If either Lessor Lessee or Lessee Manager at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor Lessee and Lessee Manager shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change changed pursuant to the provisions of this Article 138.

Appears in 1 contract

Samples: Hotel Management Agreement (Chatham Lodging Trust)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13XIII.

Appears in 1 contract

Samples: Master Lease Agreement (PMC Commercial Trust /Tx)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.on

Appears in 1 contract

Samples: Lease Agreement (Crescent Operating Inc)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal bodily injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and carried; provided, however, that such limits shall not be reduced below a minimum aggregate limit of $3,000,000. Thereafter, such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.

Appears in 1 contract

Samples: Percentage Lease Agreement (Realty Refund Trust)

Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Section. If the parties fail to agree on such limits, the matter shall be referred to arbitration as provided for in Article 1340.

Appears in 1 contract

Samples: Lease Agreement (Innkeepers Usa Trust/Fl)

Increase in Limits. If either Lessor or Lessee at any time deems ------------------ the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.

Appears in 1 contract

Samples: Hotel Lease Agreement (Apple Suites Inc)

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